Anthem, Inc. (ANTM) Stake Increased by Wetherby Asset Management Inc.
Wetherby Asset Management Inc. increased its position in Anthem, Inc. (NYSE:ANTM) by 2.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,980 shares of the company’s stock after buying an additional 152 shares during the period. Wetherby Asset Management Inc.’s holdings in Anthem were worth $1,125,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Reliance Trust Co. of Delaware boosted its stake in Anthem by 16.8% in the first quarter. Reliance Trust Co. of Delaware now owns 6,191 shares of the company’s stock worth $1,024,000 after buying an additional 889 shares during the period. Tompkins Financial Corp acquired a new stake in shares of Anthem during the first quarter valued at approximately $356,000. BKD Wealth Advisors LLC boosted its stake in shares of Anthem by 4.1% in the first quarter. BKD Wealth Advisors LLC now owns 13,034 shares of the company’s stock valued at $2,156,000 after buying an additional 509 shares during the last quarter. Parametrica Management Ltd acquired a new stake in shares of Anthem during the first quarter valued at approximately $650,000. Finally, Hays Advisory LLC boosted its stake in shares of Anthem by 4.0% in the first quarter. Hays Advisory LLC now owns 1,698 shares of the company’s stock valued at $281,000 after buying an additional 65 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.
Anthem, Inc. (ANTM) opened at 192.85 on Thursday. The stock has a market capitalization of $50.64 billion, a price-to-earnings ratio of 18.24 and a beta of 0.73. Anthem, Inc. has a 12-month low of $114.85 and a 12-month high of $194.94. The stock’s 50 day moving average is $190.01 and its 200 day moving average is $175.67.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.14. Anthem had a return on equity of 12.93% and a net margin of 3.24%. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. During the same period last year, the company earned $3.33 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts forecast that Anthem, Inc. will post $11.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.80 dividend on an annualized basis and a yield of 1.45%. This is an increase from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio (DPR) is 24.62%.
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Several analysts have commented on the stock. Jefferies Group LLC restated a “hold” rating and set a $204.00 price objective on shares of Anthem in a research note on Friday, July 14th. Deutsche Bank AG lifted their price objective on shares of Anthem from $173.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, July 13th. Cantor Fitzgerald restated a “buy” rating and set a $136.00 price objective on shares of Anthem in a research note on Thursday, May 11th. BidaskClub cut shares of Anthem from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Bank of America Corporation lifted their price objective on shares of Anthem from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $180.00.
In other Anthem news, Director Ramiro G. Peru sold 2,681 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total value of $486,815.98. Following the completion of the sale, the director now owns 13,571 shares of the company’s stock, valued at $2,464,222.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Ronald W. Penczek sold 867 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total value of $162,527.82. Following the completion of the sale, the senior vice president now directly owns 1,872 shares of the company’s stock, valued at approximately $350,925.12. The disclosure for this sale can be found here. In the last three months, insiders sold 4,103 shares of company stock valued at $749,555. 0.36% of the stock is owned by corporate insiders.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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